AIP Realty Trust Closes Second Tranche of Non-Brokered Offering of Preferred Units

Executive Summary

• AIP Realty Trust completed the second tranche of its non‑brokered private placement, issuing 2,584,000 Series B Convertible Preferred Units at US$0.50 each for gross proceeds of US$1,292,000.
• The net proceeds will fund costs associated with the Trust’s proposed business combination with AllTrades Industrial Properties, LLC, including audit, legal, documentation and due‑diligence expenses.
• The financing brings total authorized preferred units to 14 million (up to US$7 million) and includes conversion rights, voting privileges, and a hold period of four months plus one day for the newly issued units.

Key Details

• Units Issued – Second Tranche: 2,584,000 Series B Convertible Preferred Units
• Price per Unit: US$0.50
• Aggregate Gross Proceeds (Second Tranche): US$1,292,000
• Total Authorized Preferred Units under Financing: Up to 14,000,000 units for up to US$7,000,000 gross proceeds
• First Tranche (reference): 7,260,000 units issued on Oct 29 2025 for US$3,630,000
• Conversion Rights: Each Preferred Unit convertible into one Class A Trust Unit at no cost upon:
• 5 business days after holder notice of intent to convert, or
• Closing of a merger/acquisition/plan of arrangement/restructuring/reverse takeover involving the Trust, or
• At the trustees’ option, or
• No later than April 30 2027.
• Voting & Distribution Rights: One vote per Preferred Unit; preferential right to allocations, advances/distributions, and residual assets on dissolution over Class A Units.
• Hold Period: New units subject to a four‑month‑plus‑one‑day hold period from issuance date.
• Finders’ Fees Paid: US$26,700 to third‑party placement agents for the second tranche.
• Use of Proceeds: To cover costs related to the AllTrades Transaction (audit fees, legal fees, documentation preparation, due‑diligence).
• Regulatory Approval: Completion of any further tranches remains subject to TSX Venture Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)